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Virus-led DIY Boom Could Boost Kingfisher Shares as B&Q Stores Re-Open

By Malcolm Stacey | Friday 24 April 2020


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Hello, Share Seekers. Though do-it-yourself retailer B&Q was allowed to stay open as a hardware dealer, it did close stores when the lockdown started. It’s now reopening them after a trial period, using the social distancing procedures that we’ve all become used to in supermarkets. The numbers going around will be capped, while plastic screens will be fitted to checkouts and two-metre floor markers will show the distance shoppers should keep from each other. Kingfisher (KGF), which owns the chain, is getting ahead of the game...

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